Economy

The BUTB exchange will cooperate with the Chamber of Commerce and Industry (CCI) "Italy-Belarus". The parties, in particular, plan to promote the export of Belarusian agricultural products to the market of Italy and other countries of the European Union, as well as to establish supplies of Italian-made goods in demand in Belarus, including industrial equipment, special machinery, spare parts and components.

In February, banks will soften the rules for accepting foreign banknotes. For this mechanism to start working, 17 banks and 3 financial organizations signed an agreement six months ago, after which the document was approved by the regulator.

Sugar has become the leader of food exports of Belarus. Its share in the basket is about 36%. The main sales markets for this product are Russia and Central Asia.

The Asian vector continues to gain weight in Belarusian exports. Our manufacturers are gaining a foothold in the already developed markets and opening new ones.

A new tool to support small manufacturing enterprises has been launched in Belarus. Those who do not have sufficient collateral to fulfill their loan obligations, the Development Bank will provide guarantees to obtain resources in commercial banks.

Belarusian exporters are strengthening their positions not only in the Russian market. Foreign trade has noticeably diversified in 2023.

By the end of 2023, Belarus and Uzbekistan have crossed the bar of trade turnover of $600 million. But this is far from the limit, as the parties have repeatedly stated, our level should be at least a billion dollars.

From industrial robotization to smart city technologies. The Union State is developing new programs and implementing more and more import-independent solutions.

On January 22, Deputy Foreign Minister Yevgeny Shestakov held a number of bilateral meetings during the visit of the Belarusian Foreign Ministry delegation to the State of Qatar.

The average interest rate on loans to the real sector amounted to 9.2% per annum in December. This is lower by 1 point compared to December 2022.

The introduction of industrial robots is one of the main tasks for the next 15 years. This follows from the draft concept of the National Strategy of Sustainable Development of Belarus until 2040.

Active work continues in the African city of Kampala on the margins of the 19th summit of the Non-Aligned Movement. On January 18, the head of the Belarusian Foreign Ministry took part in the fifth ministerial meeting of the Group of Friends in Defense of the UN Charter.

The corresponding decree was signed by President Alexander Lukashenko. The document contains the description of the mark along with the image.

Belarus is mature enough to produce Belarusian car to the maximum. This was stated by President of Belarus Alexander Lukashenko during the meeting with the employees of BELGEE, BELTA reports.

"The ministers substantively discussed the whole palette of topical issues on both bilateral and multilateral agendas

The National Airport of Minsk has received new sets of screening equipment from China, reports BELTA. On January 18, Minsk National Airport received new sets of inspection equipment from China.

Protection of the Belarusian market, innovations in customs legislation and work in the Union State were discussed at a meeting of the President of Belarus.

MAZ steps up its presence in the Russian market. Today, the Minsk Automobile Plant already has more than 30 corporate partners in the regions of the neighboring country, which use Belarusian chassis.

All legislative innovations should stimulate the growth of the Belarusian economy. Alexander Lukashenko gathered the leadership of the Council of Ministers and governors to collegially discuss the proposed regulations.

The Belarusian economy in 2023 worked above the forecast. The GDP grew by 3.9%. The industry traditionally remains the main driver - the production grew by 7.

Belarus can and should engage in import substitution in those segments, which were abandoned by investors from unfriendly countries due to sanctions.

Sustainable peace in the Middle East is an important basis for economic development, a factor of long-term stability of the states of the entire region.

One of the topics of the meeting was counteraction to capital withdrawal. Alexander Lukashenko noted that Belarus, burdened with barriers and bans, lives and works in difficult economic conditions.

All legislative innovations should stimulate the growth of the Belarusian economy. This was stated by President of Belarus Alexander Lukashenko at a meeting with the leadership of the Council of Ministers, BelTA reports.